Bitcoin Forum

It looks like Visa is also interested in to joining crypto currencies

According to the job posting on SmartRecruiters, a San Francisco based recruiting firm, VISA Fintech is looking for a technical product manager to manage the product strategy and roadmap for cryptocurrency related opportunities


The job posting also clearly states that ViSA is planning to establish a “Visa Crypto Team,” with the to-be-hired product manager directing strategy within their evolving “cryptocurrency ecosystem”

http://bitcoingape.com/billion-dollar-payment-platform-visa-posts-job-opening-for-cryptocurrency/

Kind of madness with that giant companies
We had news about JPM. Facebook and IBM payments system https://www.theblockcrypto.com/tiny/ibm-signs-6-banking-clients-for-its-blockchain-based-payments-network-announces-stablecoin-partnership/
And today i read about Visa

One more news worth to mention is that E-commerce giant from Switzerland  will accept payments with some crypto currencies.First only in Switzerland than also in Germany

https://coingape.com/switzerland-ecommenrce-giant-accepting-bitcoin/?utm_source=newsletter&utm_source=Mailchimp+subscribers&utm_campaign=21c7bb1b4e-EMAIL_CAMPAIGN_2019_01_23_06_57_COPY_24&utm_medium=email&utm_term=0_acc72fc580-21c7bb1b4e-75480287

From all that news i see that there is no more talks about illegal use of crypto currencies what is best news

Good news, VISA is no brainer a huge company.

So this is the result of what they've said before that crypto's aren't threat and the planned made was last year of moving to crypto assets.

They already made all opponents offside while themselves entering the crypto area. It is meaningless to have VISA cards if there is a better alternative for making payments in both real and online life.

The word cryptocurrency is now being used for every digital coin, though, like the JPMorgan or Facebook coin, it will be a central coin that may be a bit decentralized, but wherever a specific intervention is possible if needed. From a regulatory point of view, a bank or a payment service provider like Vista will never be able to rely completely on a "real" decentralized cryptocurrency.

Here's a bit from the job summary and job description for VISA's Technical Product Manager



I think with Visa's Job description and responsibility it just confirms us that there is some kind of crypto product coming from their company. And I think them being a popular card company will receive a lot of backlash by having another kind of payment system not related to their main business, well it will still depend on what kind of crypto product they will release. If it does not affect with their main business and it supports it then I think their users would love the addition.

Good news but I don't think it can improve the market condition. As mentioned above, VISA is possibly looking to create their own "cryptocurrency". Though I'm not sure, but it's also possible that they will accept other crypto for the purpose of their business (collecting fees from transactions).

Anyway, looks like blockchain is going to stay.

It could be considered for them as a great financial move, and we know that there are possible bigger players that will come to the crypto space. It is possible to have higher prices, but I think they have a different plan with that like they would create their cryptos like JPM or any other big companies that want to have complete control over it. It's just financial gains they want and to have full control over that, they need to control the coin itself.

That's great news. Time will come when all the tech giant companies will realize the usefulness of the blockchain technology either for tokenization of their products or for transpiracy then adopt the technology.  We already have the like of Facebook coming into the market and now Visa. very soon master card will join the party and many more fin and tech companies, resulting to the next bull run.

it seems to be the same as it already is, everything is just a mere discourse or just a hype when crypto became popular and is currently falling.

Visa seems to be interested in creating their own cryptocurrency and embedding some of their technology to produce an ever faster, more secure and more efficient payment system. We literally know that they will never leave fiat alone knowing that's where the bulk of their profits came from, and perhaps this is just another service they want to offer people through a different medium and by riding the hype of blockchain and cryptocurrencies lately. You know it's serious when even the world's largest payment processor wants to get a taste of crypto action, be it directly or indirectly, embedded on their services.

I suspect that they are going to use cryptocurrencies for their bank transaction. Like you are using your bank card like you usually do but transaction is performed in crypto stablecoin that is attached to your local currency and everything will happen on visa blockchain.
In this case it might reduce the transaction costs and then decrease fees for users. I'm sure they are not going to make a coin with a free price.

Indeed a good and welcoming news but honestly I am not surprised as I highly expected this types of adoptions. Not just visa, we can expect each and every business and government may come forward to adopt either bitcoin or blockchain technology in near future itself.

In my observation, businesses are now a days started getting convinced to adopt blockchain technology for improving their business and this must be a first step toward adopting bitcoin as one of their payment option later on still it may take a decade of time too before they will be realizing the benefits of adopting bitcoins for efficient (cross border transactions, for example) business.

I read this news yesterday. It seems to me that this is very indicative news. Large companies see prospects in the blockchain and cryptocurrencies and do not want to keep up with competitors. No one wants to be behind in the new technical revolution. This once again proves that those people who continue to hold cryptocurrencies in the future will be generously rewarded. Patience is the best benefactor. Personally, I am ready to keep cryptocurrency for 3-5 years. Blockchain is a very young technology, and it seems to me that it will still have a very strong impetus.

Was only a matter of time.

US Payment Giant Visa Seeks Crypto and Blockchain Talent for Tech Product Manager
https://cointelegraph.com/news/us-payment-giant-visa-seeks-crypto-and-blockchain-talent-for-tech-product-manager

American payment services firm Visa has published a crypto and blockchain-related job opening on San Francisco-based recruiting software firm SmartRecruiters on March 6.

Global financial services corporation Visa is seeking blockchain talent for the position of Technical Product Manager at Visa Fintech in their Palo Alto office. The person will be responsible for the execution of Visa’s product strategy within a cryptocurrency ecosystem, and will be required to manage the roadmap for crypto-related opportunities.

According to the job description, the person should be possess a functional knowledge of the crypto industry and major players involved, as well as in-depth knowledge of distributed ledger technology and a deep understanding of existing retail payment solutions. Familiarity with advanced cryptography will be preferred, the job description notes.

The individual will be working in close collaboration with the Visa Research team in order to develop new products to deliver value to Visa’s fintech initiative.

Last year, Visa CEO Al Kelly declared that cryptocurrencies do not pose a challenge to the company’s dominance in the payment sphere in the short- to medium-term. Kelly stated that crypto needs to move from being a commodity to really being a payment instrument before it can represent a real competitor to the traditional financial system.

In late 2018, Reuters reported that Visa is acquiring a partner of major cryptocurrency company Ripple, the entity which runs third biggest coin by market cap XRP. With the acquisition of Ripple’s international payments-focused firm Earthport, Visa reportedly intends to integrate Ripple’s protocol into the company’s existing payment network to boost cross-border transactions.

Recently, founder of crypto investment firm Morgan Creek Digital Assets suggested that major United States retailer Kroger should use the blockchain-enabled protocol Lightning Network as a payment system, following the brand’s decision to stop accepting Visa at some locations on March 1.

It is still good news because it can help to promote the cryptocurrency to other people. We know Visa is big company . So it means millions of user are using Visa so we have possible to have millions investor also in the future. Incase Visa are really creating their coin own cryptocurrency it will increase the price fastly and it is still helpful to the crypto market because we know before they buy Visa they will able to purchase first bitcoin and the money will add to the funds of the cryptomarket.

It's means that Visa has seen crypto has big potential financially that's why they are testing the waters now. They are looking for a Product Manager, which means that they are really interested on joining crypto.

Might be the same as Facebook though, but still this is a welcoming news as Visa is a vocal proponent of bitcoin before so this sudden switch is an indication or probably set a precedence for other services to join the picture as well. So let's see how it goes, potentially 2020 is a good target, as everyone says that this is when the bull run starts.

We still not sure for its process in payment either they created their own coin and that's the only accepted coins for them. But we can't neglect any possibilities that they'll also accepting Bitcoin and Ethereum.
Anyways, it is still in the rumors and we just wait for its final lunch to see how it affects into crypto adoption.

Visa being one of the big firm who has his role on each and every transaction that's been made digital now coming with the plan to enter cryptocurrency is really a good news. Visa already does a large number of transactions every minute and the same is when gets incorporated with bitcoin acceptance it'll surely move forward making a big change in the entire cryptocurrency network.

I assume they are going to perform transactions on their own blockchain and if they launch a cryptocurrency it will only be available for VISA users.So i am not sure what impact will this have on the cryptocurrency market since this could possibly be a private coin, just like JPcoin is.

Of course, Visa wants in on crypto. You must be living in a cave if you don't know that blockchain technology will flourish and take over the world. And we know that tokens/coins and their use are what makes the blockchain network valuable.

While many of us may cringe that big corporations are trying to see what they can do with blockchain tech (and none of them have done anything useful yet that I know of), it's to be expected.  Bitcoin and the technology behind it are just that awesome, and I don't really find it to be a bad thing since they're not attempting to destroy bitcoin.  Any time something revolutionary comes along, these big companies are going to exploit it for their gain--that happens every single time, and it's how they stay competitive.

Yeah well, it's a bit silly for that to be making news anyway.  That just shows you how brain-dead and pandering the news media outlets are, that they would magnify that aspect of bitcoin and ignore the fact that every single government-issued fiat currency has been used for illegal purposes since the beginning of money.  The dunces eat it up.

of course they have realized the potential for blockchain in the future. and that means the blockchain will bring the cryptocurrency to prosper together. with the desire of the visa it means that more and more companies will become aware

apparently blockchain is being loved by financial businesses and wants to add their service tools. These are considered smart steps of those businesses.
I believe that in the future, all commercial businesses will use blockchain technology because of its convenience and speed.

VISA cards is still useful even if there is alternative in digital means. Of course cards are useful in verifying that you have already paid your Visa or a proof that you have undergone the process.

That remains to be seen, actually

Personally, I see no plausible reason why they would be interested in developing their own cryptocurrency. From my perspective, it is more like trying to get into something which you can't prevent or forestall, i.e. they will try to use cryptocurrencies in order to squeeze more profits from their operations

At first glance it seems like a good idea as it means more adoption, but on the other hand, as the saying goes, beware of Greeks bearing gifts and Visa making inroads into cryptocurrencies. This gift may turn out to be a Trojan horse of sorts (sorry for bringing in a lot of mythology here)

I can well imagine that Visa might want to reach new customers with it and they might offer a blockchain for everyone, even for people who aren't customers yet. That would make more sense to me than if they made a blockchain for there existing customers. I'm still torn back and forth, whether this is a good or bad news for the crypto world. But anyway, I'm curious about what and when VISA will be launched on the crypto market.  :)

I doubt Visa will ever launch their cryptocurrency (even if they may plan to create one) in the open market. What I foresee, Visa is probably going to launch a private blockchain and an exclusive cryptocurrency to be used within their network only. Even I don't think Visa customers will be able to use it directly. It will be more of a settlement cryptocurrency which would be used by Visa and participating banks for settling transactions without moving actual money from one account to another. 

This is not good, and it is far from best news for bitcoin. The fact that big companies like Visa, JPM or Facebook want to create their own coin, actually shows us their opinion regarding bitcoin. They want cryptocurrency which can be controled, and idea of decentralized currency is something totally unacceptable to them.

The truth is that the vast majority of people will like to use VisaCoin or FacebookCoin than bitcoin, because it's about trust and habit to remain faithful to well known things. On the other hand people who like the idea of bitcoin will continue to support the first decentralized cryptocurrency, maybe just for fact that banks, governments and large corporations for the first time in history have no mechanisms to stop something, at least not globally.

Well, most of startups and ICOs also can't do anything yet. Generally for now only Bitcoin, Ethereum and Ripple did something worthy but even those projects are not really popular outside the crypto world.


No one outside crypto community really cares about the blockchain innovations in some particular companies. And in is hard to blame them because there is nothing strange that artist is not going to read news about innovations in surgery. So normal people often see bitcoin mentioned in different social news: something about guns, drugs etc.
That is not really a fault of medias that they are not featuring the positive side of bitcoin.

Yes am bullish about VISA joining  CRYPTO sure it will have lots of adopters, since they have an already product I expect  a the project they lunch on CRYPTO to be successful even during the bearish period we still have project succeeding.

It is all about money and profit
Biggest companies are entering in crypto .Facebook IBM is creating his payment system
big money are on the table so VISA doesn't want to be late
That is all about by  my opinion

Difficult to know what VISA is planning to do with a "crypto team". If it' as about creating its own coin then f** that. If it's to build a service around cryptos then I would rather start to be worried to see the banking cartel entering the crypto world, we may be infested.

More big companies are entering either directly or not into cryptos that what it's supposed to be part of the mass adoption, but if everyone creates its coins we will end with millions of coins, instead to use what's already here. In the end, it will just be a random token like the points you earn on a website

There will be no bull run based on those things.
Visa and others will look for their own coin and those will for surely pegged to the dollar, there will be nothing related to traditional cryptos and their appearance might be even worse.


Yeah, because they are going to create centralized, reversible, full KYC and AML coins.
And as I said it before, once they do this it will just serve them as fuel to attack more and more decentralized coins like BTC


And things won't change that fast anywhere soon.
People are trying to call everything a blockchain project even if in some cases it has less and less to do with a blockchain and far more with a traditional distributed database.

The blockchain is still in hype mode while things like FoundationDB (https://en.wikipedia.org/wiki/FoundationDB) and Cassandra (https://en.wikipedia.org/wiki/Apache_Cassandra) are running systems with 10 times more nodes than all the shitcoins together.

It's a good news for all who believe in crypto. Due to the popularity of crypto many others are in the line to join it.l think so. It's a good signal for future.

This would probably be the most likely move done by VISA, they might just mirror what JPMorgan did with their JPM coin and just created a cryptocurrency in their own Blockchain to improve efficiency. "Cryptocurrency" for them would more likely be a in-network transaction that they will see what's coming and going in the system. Just by launching a cryptocurrency would only disrupt their main business and I don't think that banks tied to them would have a positive response on that matter.

Everyone already knows bitcoin and they are smart how to manage bitcoin so they don't use bitcoin illegally for some transactions because all governments around the world also acknowledge this. The government is not prohibiting the use of bitcoin, it's just that they suggest not to use bitcoin as a payment system. As for the news about VISA receiving crypto, that is a good thing. the more adoption, the more people know bitcoin and believe in bitcoin as a transaction tool.

It will be a great developments if visa enter into cryptocurrencies as this will bring cryptocurrencies and bitcoin into lime line.  Many people are now taking interest in cryptocurrencies including the big financial institutions and we should be hopeful that bitcoin through this will recover.

Visa has always been a supporter of cryptocurrency and to that extent have not attack bitcoin or the rest of the other altcoin and at the same time visa have being using cryptocurrency with the payment platform since last year and that is even when Facebook and other social Media was blocking cryptocurrency ads.

Yea they maybe planning to launch their own cryptocurrency like facebook is planning to do and if ever they would want to accept other crypto currencies that might just be the leading ones like bitcoin and other known altcoins. Still interesting to watch how it is going to be with Visa. I've also saw some projects before that conducted ICOs about crypto-debit cards to partner with Visa but I haven't heard already how it work with them.

The management of Visa knows that they will soon become obsolete if blockchain technology is not integrated into their system. This is just an eye opener to other Fintech bodies.

I'm not so sure of that actually. All Visa needs to do is to have their entire ecosystem become a smarter and easier to scale database. They don't need a blockchain for that, nor do they feel threatened by crypto. People here want to believe they feel like that, but they don't. All Visa is doing is exploring a new market that might help them grow beyond their current range.

Another powerful anti crypto weapon Visa has available are lower fees and better service. Right now they don't need to go that far due to their dominance as financial institution, but when you force them to go that far, they will. What has crypto to offer when Visa offers instant settlements and very low fees? Crypto is an answer to how shitty financial institutions are, what answer is crypto when they do exactly what you want?

I just hope they are not entering the "alt-coin" phase of understanding crypto. That is when some executive says "Eureka! We should create our own coin, better than bitcoin, meet VisaBucks!"

 ::)

Sometimes people forgot what visa and banks are, throw them in the same bucket and think bitcoin has the answer for everything. This is delusional and just with the FY attitude towards visa or banks, we won't get far.

Visa is a card payment gateway, and currently doesn't give a damn about cryptos because what they do is intermediate payments, juts like bitpay is doing with coins.
Most if not all shops accepting coins are just having a third party taking care of the exchange, just how they don't care when you use a polish, german, Croatian or Slovak visa when you pay for pizza in Italy France (scratch that stereotype :))

Till know cryptos have done close to 0 steps in trying to act as a threat to visa, moreover there are a lot of companies that have visa cards that you can load with cryptos...takj about the irony here.

Customers will always need this 3rd party unfortunately, they need customer protection, they need to know they can make a chargeback. And this is what's stopping a lot of people from buying directly with BTC, and we have some examples here on the forum, with so many mining gear companies going bust and those that paid in BTC could just pray that something will happen.

BTC is a threat to international payment systems like MG or WU, in those cases for remittance yeah, cryptos are better, but for deals between two business entities that need a ton of paperwork for any cent spent...not yet


All that you can hope to go wrong with your prediction is them shouting "Bingo" and calling it "visacoin" or "visamoney".
I'm 99.(9)% sure they will issue a stable coin if they create one.
 

This is very positive, if VISA starts with these movements, they will not only benefit in some way, because they will take advantage of the bitcoin movement and try to reduce interest rates, they will have many more clients that are cryptocurrency users and their limits will be many. larger, which can play with the different ways of payment, ie the indebtedness of people will be much larger and they may have more gain.

And from the technological and social point of view, it would be the beginning of a new era of shopping and global acceptance, because if it works that way, each card will have a QR code printed so that people can deposit their currency there.

VisaBtc yet another bitcoin fork lol

if you will read article many depends how US regulators will recognize btc
If it will  be recognize like a fiat money than Visa will deal with btc like a currency
Now US regulators see btc more like commodity
But lets see for sure blockchain can give Visa more security save on transactions etc
 It  will be good even if Visa will like to support cards what will accept crypto

One thing for sure, Visa acknowledging the importance of blockchain technology is enough to give cryptocurrency industry a boost.  It does not matter wether it is their own blockchain or not, what matters is that big company is adopting cryptocurrency and it only means more adoption and popularity for the industry.

If i recall correctly, it was like last year or the year before where both master and visa card started to close down on every business that were related to crypto currencies. I remember users on the forum complaining about their prepaid visa/mastercard being closed and then they were looking for alternatives. Looks like they have realized that the usage of crypto currencies is actually inevitable. Good step being taken by them.

Realization do always come on the end.They like or not crypto would really have that kind of thing which it can really be adopted.Instead on making opposition its better
to tie with it and possibly making up even more clients if they decide to accept it once more.

I am agree. Visa used by most people in the world and used in banking network. If Visa entering blockchain or cryptocurrency, crypto market will getting more attractive and interested by most big financial investor

I don't think the news about visas or anything else is new anymore because many have seen a lot of projects that have already been done and many have failed to develop their products, there are so many concepts now but in the end the community judges that they are not interested in the product

Perhaps they just want give FUD on market like JP Morgan did. Crypto potential in the future very big and i dont think big company like Visa or MasterCard want to miss this opportunity. Every big company will involve in crypto space and i am believe the market will more interesting

Wait for them to give that twist on how they'll satisfy their users with a twist of crypto.

They cannot be described as good news because all these companies are going to promote the centralization of the cryptocurrencies.
I think that many of us (members of the cryptocurrency community) are against of this model but there are many people who will support this endeavor in order to make some money. This is the reason that the decentralized ecocystem that we dream is not evolving.

Okay, that's possible, of course and would also make sense. This would certainly make Visas internal system more secure and possibly also cheaper than it is at present. Either way, I am curious whether and what they will bring to the market.  :)

You basically already answered your own question

I mean the question about what crypto can offer when Visa offers instant settlements and very low fees. In fact, card payments are pretty close to instant already, and as far as buying goods or ordering services is concerned, they are already mostly free of charge as well. Strictly speaking, you can even receive moneyback which essentially turns fees into an imaginary number

For this reason, there is not much what can be improved in this department and here lies the major difference between Visa and their likes on the one side and cryptocurrencies on the other. In simple terms, people use crypto because they don't want to have anything to do with fiat as such (and its drawbacks which are innumerable). So neither Visa nor MasterCard can do anything about it as this is beyond their range of influence

Well there isn't a thing we can do anyway if they want to. I just look at it as a step towards mainstream adoption and acceptance. At an early stage, it's good to have big names expressing confidence in crypto regardless of their motives.

News what i am posting below are even better than news about Visa
Fortune 500 Tech Firm Avnet Now Accepts Crypto Payments via BitPay
Announcing the news on Tuesday, the Fortune 500 firm said its customers can now pay in bitcoin (BTC) and bitcoin cash (BCH) for products and services, with BitPay then verifying and processing those payments.

Cryptocurrency payments can reduce the “time, cost and complexities of bringing products to market,” Avnet said, adding that it has already closed “several multi-million-dollar” cryptocurrency transactions within the first month of accepting cryptocurrency payments.

The news makes Avnet the third largest technology company in the U.S. (behind only Microsoft and Dell) to accept bitcoin payments, a spokesperson for Avnet told CoinDesk.


Avnet is also working with Bitcoin.com to develop a new hardware wallet to enable cryptocurrency storage and provide the “highest level of security” for transactions, according to the announcement

https://www.coindesk.com/fortune-500-tech-firm-avnet-now-accepts-crypto-payments-via-bitpay

Merchant adoption without even Bakkt realease is that what we really need knowt a
Bitcoin and other crypto has to be finally recognized and used like a internet money not just a alternative investment

Yes is really a step forward and this will really strengthen the cryptocurrency market because more users of visa can now have free access to the cryptocurrency market at any time, I hope more financial institutions will very soon adopt crypto for the success of the company e.g master card.

This cannot be the case of visa because these type of project products is what is virtually every home knows, those projects you are talking about are new projects built from scratch but looking at VISA, they are building on already existing popular project.

Just like Facebook planning to come up with their own coin, which we all virtually expect the project to really succeed considering the fact that they already have a very large community that are ready to support the project once it is being implemented, and this will be the case of Visa too, their trusting community will make the project a success and we better be ready to join them.

the guy above is trying to say that the news about visa is not new and i agree with it because before there are simillar news about visa saying that it will partner with bitcoin although i dont know if that news was legit or only a mere rumor  but  you are also right mate that visa is a reputable and well known brand for credit and debit cards  if ever that visa will teamed up with crypto im sure that this can help the adoption to increase more evenly  . same as with the idea of facebok creating a crypto coin  .

In the end all of them will get into crypto, it`s the question of time. I remember topics from years ago, when most of us discussed about huge companies that will get in crypto in one way or another. Nothing happened back than, but looks like they done their researching in past few years and now they finally came out with something. JP Morgan, Visa, Facebook, are just some of the big names we read about this days, I still wait Amazon to make some similar announcement. We were on a good direction, we still are, things are being developed as we speak, and sooner or later entire world will be in crypto.

but to compete with bitcoin I think it will be very difficult because bitcoin is the first coin made and developed to date. so for new coins it will take a few years to match Bitcoin

I don't exactly sure, but I think before Visa said that crypto is not a threat to their company. And now I think they've swallowed it, which means that if you can't beat them join them!, now its already happening. But this is a good news actually and if this thing will happen, it can give a big impact to all crypto enthusiast. Besides, crypto so far has became now popular in the entire world so no wonder.

If this is actually on the process then it would be good I guess as this will promote the use of cryptocurrency. But too much competition will be there and bitcoin will probably be challenged by this new upcoming cryptocurrency. But should there be competition, I also believe that bitcoin will be doing better as usual. Too many are still supporting bitcoin even until now.

I think it will be a good appreciation for cryptocurrency field because this type of Companies will definitely had some huge prediction about the future of their asset so they are trying to put it as a cryptocurrency will made some changes in this field and it will be reflected as positively for all the investors.

Competing with Bitcoin is indeed a waste of time, but that's not how they see it. For them Bitcoin is similar to a tech company that can be overtaken by something that does everything better and cheaper.

Reality however will show them that they are wrong. Currently we have so many coins that are faster and cheaper than Bitcoin in terms of confirmations, but yet no one seems to care about it.

Nano is a great example. It's superior to any of the currently existing coins in terms of speed and cost, but it can't gain momentum at all. If this was a tech company type of industry, Nano would take over, but not in crypto.  :)

If they had a huge support and trust with the Crypto field it will be a very important and great news for all the investors who had saying it will be the end of cryptocurrency because everyone thinking there is no chances of legalization. the cryptocurrency now but it definitely be possible in the future

it seems the visa is starting to fear that their system will lag behind. and now they also want to make crypto themselves. I think this is good for them and good for crypto lovers

This is a great news I would love to be reading and hearing from time to time, if visa and all these people you mentioned can come into the system, then what is left of SEC than to embrace the use of cryptocurrency and look for a way to support it and protect investors using it rather than killing the system with their opinions that doesn’t matter in its progress.

If Visa can really join crypto currency, virtually all ecommerce sites will start getting aware of the use of crypto and integrating it into their own platform too, I really see a big light at the end of the tunnel very soon for bitcoin. We just need to be patient enough to witness this.

Then this is a very good news and if more will join then in future or very soon the price should go up even if not much but at least some grow.

In fact, this news is a very good development, but there is a fact that even though companies do not think these technologies are positive, those who are behind the technology will always be doomed to lose. I think that the company has taken such a decision with the aim of keeping up with the digitalizing age of today and having many advantages in terms of technology. Perhaps we will be witnessing that all companies have started to use these technologies in the long-term process, but I would like to repeat the reminder that the names of the companies that do not follow the technology will be written in history books.

Creating their own cryptocurrency will be a big mistake, they shouldn't do that. And I don't think they intend to do anything like that. Just read what the op has said. What they did was a job posting in search of a technical product manager to manage the product strategy and road map for cryptocurrency related opportunities. The cryptocurrency related opportunities says it all, they are not looking forward to building a currency of their own. And doing such would be a bad idea.

I don't think they really mean that they want to go into cryptocurrency direct. I think they will just providing debit cards for companies that needs, just like MasterCard provides cards for Xapo. I believe that's the same thing they want to do and not just creating a cryptocureency of their own.

This is a big step for altcoins. Perhaps mastercard and other big players will join this technology.

Well as the cliche goes, "if you can't beat them, join them". They know it can make them obsolete.

These banks, remittance services and payment operators were publicly dissing crypto while they quietly try to develop their own blockchains/crypto. That way when when it gets hyped, they can just unveil it and keep their customers that haven't switched out yet (which by the looks of it is still quite many).

Such properties will certainly be eaten in the era. Of course to follow the era's adventures must appear ahead when analyzing an opportunity. I think the world is not static, and must be flexible with technological developments

They already evaluate it, crypto has a huge potential and if they will join, it would certainly make them more profitable.
Visa is a big company, and when big companies adopt with crypto, this means adoption.
We will watching a possible news confirmation in the future, this is a bull run material I guess.

as far as i remember 2 years ago both mastercard and visa cancelled the cards that supporting cryptocurrencies. some crypto debit cards becam crap after that attempt. i hope this time they really adapt to crpyto.

No matter how many times all the media did not trumpet that bitcoin is a bubble and cryptocurrency will not bring us anything good, still with each waiting for more and more large companies and funds to move towards the study of the blockchain and attract experts in this field.

Yes, because they know the great potential of Bitcoin, for now Bitcoin is traded at $ 3800, this price is the lowest price at the moment, because many predict that Bitcoin is approaching Halving will experience a rise again, and that happens next year 2020. So there will be a panic buy, hopefully

When I read it this topic it will give you a huge confident send me about the Crypto market because VISA is a huge company so if they are ready to make their asset in cryptocurrency can be a huge confidence will come for me to stay strong.

We will hear more companies which are mainstream that will enter the market or come up with a project which will facilitate their business in the long run, if they do not evolve their business model will be affected in the long run because of the new market and if people understand the true potential everyone will be switching over to bitcoin for international trade and it will affect their business and i am sure we will see competitive prices when it comes to these service charges in the future.

Yes and this has been happening since long, people always talked against bitcoin and its value about other crypto as well, but till now I have never seen any bad effect or any value change because of all this infect the value and price of crypto has always improved more than before, so visa acceptance for crypto is new revolution indeed.

It is also important that what kind of services they are planning. Do they want to strengthen the current bitcoin ecosystem or they are planning to launch their own coin (as facebook want) and compete with bitcoin.
Competition will not be a welcome move.

They are making a good decision right now because the companies like this will had an opportunity to take up the value of cryptocurrency to a marvelous development so I think VISA will definitely had opportunities to change their asset into Crypto currencies and it will helpful for another Windows test to hide hope about this field.

That’s very true. They are smart and the analysis is very clear. There is great prospect with crypto and Visa on the other hand already has a great platform. They have to follow the trend knowing that crypto is the thing in vogue and I am very sure from their calculations, they know that in the nearest future crypt would take over, so the smart thing to do is this decision.

As per you have mentioned, this would be a bull run material. Soon everyone will have the basic knowledge of crypto and the rush would definitely have a positive impact in the market.

No doubt about that, adapt or go extinct. There's nothing wrong with adopting new technologies, in fact one should strive to obsolete self rather than have someone else do it.

What isn't lost on people is the hypocrisy of these institutions. This is why I don't take pronouncements from them seriously.

Not only visa but master card and other companies will come into crypto currencies. Everyone is seeing the strength and money in crypto and those brands who will not move with this , will be left behind. We have already seen Samsung giving support to crypto currencies in their latest model S10, Facebook soon coming up with their own coin. Soon we will see all the big companies involving in digital currencies.

And there's an easy explanation for this "phenomenon". Above all, the total majority of people involved in crypto are here for the quick buck and they don't particularly care for the technological innovation (I mean tweaks and Improvements beyond what plain vanilla Bitcoin offers). In simple terms, people may be interested in all these things only insofar as they add to hype and speculation. But if a coin is not used in real life (which is true to varying extents in respect to any cryptocurrency out there), its advantages like speed and cost are close to being completely inconsequential

This is the harsh truth how crypto goes, get used to it

Visa is not against crypto because it is killing their business, they are against it because they are not fully prepared for now. I mean if you give visa time to build their own blockchain and bank agreement period and they do all that than they will be cheaper and faster as well which means crypto and specially blockchain won't be a rival to them because it will be help for them.

Visa must LOVE blockchain because you can literally send and receive millions of dollars for a dollar and that means for visa and banks that use visa the costs are going down like hell, during a time when economy is getting worse all around the world the bank that says "we will charge less" will get the customer, hence why I feel like Visa will always prefer to like blockchain, they just needed time.

Well established companies can really propel cryptocurrencies to greater heights. VISA is a strong company and a force to reckon with in the world of finances. I believe people  need to see the bigger picture and appreciate the kind of innovation such companies  can bring to the world of cryptocurrencies.

I think that Visa will primarily provide services for the use of Bitcoin and other types of cryptocurrency to pay for goods and services through their bank cards. This practice is already in Russian banks using virtual wallets. They can translate as a normal currency, and Bitcoin. It is no longer possible to withdraw Bitcoin from such a wallet, in fact it is immediately withdrawn by the bank from such a wallet, however, the wallet owner has the opportunity to pay for any goods and services in the chosen currency at the rate of Bitcoin at the time of purchase of goods. Something similar can be done with Visa cards. In any case, it will be very good for distributing cryptocurrency, and convenient for cryptocurrency owners.

It pleases, especially since it will be big + for people who do not understand computers. They will keep their funds not only in dollars, euros. There will be no need to memorize the number of the wallet, everything will be implemented by the visa.

Although I cannot predict accurately, I think VISA can bridge its members to adopt crypto or try "new nuances" to do transactions with currencies are in cryptocurrency format.


Yes, maybe you're right, but VISA is more flexible because VISA is easy to accept and accept by any country, even though small countries that are "considered" less developed especially in terms of the economy. So that its existence's possible in bridging VISA users to open the gate to wider crypto adoption.


But there's one thing I am most concerned about, namely: if VISA does not support the existence of primary crypto like bitcoin/ethereum, under the pretext of "the existence of" pressure/restrictions made by the government.

This so great news in march, at least we can see three good news. I'm so interest, will Visa build some partnership with cryptocurrency project, such ripple or litecoin. Let's see that, then if yes, I will try to invest on that coin ;)

Cryptocurrency right now can be hear from almost everybody's mouth.

This news is really great and it could contribute to the growth of bitcoin. VISA's trusted by many people and if a company or a product is proven and tested, it could make people follow that product.

So we are going to give the control of our funds to someone.I am not much aware of how VISA will get adopt the crypto payments but if we need to deposit our funds to them and they will act like a crypto bank then it is not a good for cryptos.

It means coins like litecoin and ripple are really going to get pump if great financial institutions like visa is going to go into partnership with them.  I strongly believe that we are going to see good price in almost all the coins if most of the current news started to have infect on the market.

It's just a question of time that Visa will turn to blockchain. Visa is the boss of digital money all around the globe. And here comes a bitcoin with new brave innovation of exchanging.
Bitcoin potentially can be faster than Visa and safer of course.

Everyone seem to want a piece of the crypto pie these days, there are two problems I anticipate with this move: first, there is likely to be too much control or centralization, secondly, they may not be able to pass the regulation hurdle to do something meaningful.we will most likely end up with another stablecoin, we are already having a glut of them with no real unique value addition to the space

From what i am read, master card already propose a patent about bitcoin fraction. If Visa and MasterCard entering cryptocurrency, i am believe its more interesting and perhaps bitcoin price will soar in near future

It something we realize that crypto and Bitcoin is not a scam anymore and we should have to correct those person who are still thinking that way. Crypto will make a huge change in the society and so the used of digital currencies will soar over fiat.

As we look more crypto adopters soon to come and this may trigger for more big companies to adopt crypto and blockchain technology.

It is a good news for all of us that it has a positive thinking about crypto and the big company like Visa wants to join crypto community.
Cryptocurrency will survive in the future, but I am always afraid that today's cryptos will not. Because, as we move towards our freedom, we are becoming even more centralized.

This is good news. But I think Visa has already entered into the world of cryptocurrency when it entered into agreements with various cryptocurrency companies. I think this has happened already quite a long time ago. I think Monaco (MCO) has been with Visa when the project issued its cards. It is not only the Monaco project that issued Visa cards. There are a good number of cryptocurrency projects that got involved with Visa as well.

I think when the visa has begun to accept payments using bitcoin and has been able to support digital currencies to make transactions easier then it will have a good impact, as the use of bitcoin will become increasingly developed and more and more will use bitcoin for transactions.

You can search for this data every year every month and every day Bitcoin fans are increasing and increasing. So if that happens it will be very good for rapid development.

I understand you, but it is convenient for people who are poorly versed in the PC. Imagine that You could trade with them on an equal footing, that's what the visa plans to do.

Yes, visa being the leading card transaction support system for the fiat transaction now getting into cryptocurrency is a good news. Visa card accessing is truly easier than using cryptocurrency for people who lack in desktop usage. The only issue that stands infront when visa goes close to the implementation is the volatility. Let's wait and see what's going to happen.

We'll see. I suspect that when the big players will entry in the market, anything will change.

This might be their motto at the moment - "If you can't beat them, join them." Those giant companies are starting to realize the potential of blockchain technology within their operations. This is not just mere hype of using cryptocurrencies, but they are already seeing the real deal of what's gonna happen in the future. If they will not adapt this change, they will be left behind. And that is a lost opportunity for them. As the leading global payment solution, VISA will make a remarkable impact in crypto.

All major wall street companies are investing in crypto-based projects whether it is Visa or JPMorgan or Bank Of America and Facebook and Twitter and Western Union Transfer all these companies showing interest is good sign crypto and blockchain are much needed technology for future business

It's such a great news that one of the most popular electronic payment systems in the world have also decided to conduct transactions with the use of cryptocurrencies. This would really relieve crypto enthusiasts from changing their cryptocurrencies to fiat currency before making payments on popular marketplaces.

Visa as a world-class financial institution is not surprised to enter cryptocurrency because it sees a very potential market to be developed along with the increasing use of crypto.
By taking this policy it is clear that in the future crypto will be increasingly accepted by many merchants, especially in countries that accept crypto.

Who would have thought that after many double accusation financial giants like Visa will open their eyes.

it is news and good news in the development of crypto currencies and in my opinion the creation of crypto currencies is to follow the development of time and technology in the field of economic systems and hopefully the crypto currency will become a rapidly developing currency

I am very happy in 2019, because a lot of good news comes to Bitcoin, and if the good news goes smoothly, this will automatically have an impact on the price increase of Bitcoin.

Visa is a world wide company and a very high number of transactions in the payment network. We also know that many companies are working on their own crypto currency. It would be irrational for these companies to remain outside the blockchain and cryptocurrency.  If Visa adds the option to pay with Bitcoin to the crypto payment system,  will be good news for the recognition of the blockchain and cryptocurrency.

The days of Visa taking 2.5% on all internet transactions are coming to an end.

They will eventually be like blockbuster.

Its a good news for bitcoin lover i hope it can give some boost to market. I read article and what i found is they'll make their own crypto coin which will be centralized. The crypto currencies community is increasing now and big companies are now here to make there own coins like Facebook and now Visa

in my opinion everything can happen because it's already the nature and risk of investing in crypto currencies and of course development along with the times and technology